If you haven't heard, Pebble was just acquired by Fitbit. According to the company website, "Pebble is no longer able to operate as an independent entity. We have made the tough decision to shut down the company and no longer manufacture Pebble devices. " See: https://blog.getpebble.com/2016/12/07/fitbit/
Basically, Pebble is closing down and most of the team is being incorporated into Fitbit. All outstanding backers who have not yet received a Pebble will get a refund.
It's kind of sentimental, because Pebble is one of the companies that put Kickstarter and crowdfunding on the map. At the same time, raising lots of money and even selling lots of products does not guarantee longterm success as a startup company.
Article on the story: http://www.androidauthority.com/pebble- ... it-734593/
By some reports, the company is being snatched up for between $30-40 million.
What do you think? How will this impact the future of crowdfunding?
Personally, I think it takes real balls to launch a startup and compete with some of the major fortune 500 companies out there, like Apple. At the end of the day, as an entrepreneur, you must define success on your own terms.
To some, success can mean owning and working hard to grow a multi-billion dollar company. To others, it can mean making a great living and spending a lot of time with your kids. There are also those who simply want to make a dent in the universe!
I'd love to hear what YOUR definition of success is below.